What are the fees involved in transferring funds from Binance to a bank?

7 answers

• Nazım ÇimenApr 29, 2021 · 4 years ago
  When transferring funds from Binance to a bank account, there are several fees to consider. First, there is usually a withdrawal fee charged by Binance for transferring funds to a bank. This fee can vary depending on the cryptocurrency you are withdrawing and the amount you are transferring. Additionally, if you are converting your cryptocurrency to fiat currency during the transfer, there may be currency conversion fees involved. These fees are typically a percentage of the total amount being converted. Finally, it's important to note that your bank may also charge fees for receiving the funds. These fees can vary depending on your bank and the type of transfer you are making. It's always a good idea to check with your bank to understand any potential fees on their end as well.
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• kokila priyaNov 18, 2021 · 4 years ago
  Transferring funds from Binance to a bank account comes with a few fees. First, there is a withdrawal fee imposed by Binance. The fee amount depends on the specific cryptocurrency you are withdrawing and the amount being transferred. Additionally, if you are converting your cryptocurrency to fiat currency, there may be currency conversion fees involved. These fees are typically a percentage of the total amount being converted. Lastly, keep in mind that your bank may charge fees for receiving the funds. The fees can vary depending on your bank and the type of transfer you are making. It's recommended to reach out to your bank for more information on their fees.
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• Borra RohitSep 09, 2020 · 5 years ago
  When you transfer funds from Binance to a bank account, there are a few fees to take into account. Binance charges a withdrawal fee for transferring funds to a bank, which varies depending on the cryptocurrency and the amount being transferred. If you are converting your cryptocurrency to fiat currency during the transfer, there may be additional currency conversion fees. These fees are usually a percentage of the total amount being converted. It's important to note that your bank may also charge fees for receiving the funds. The fees can vary depending on your bank and the type of transfer you are making. It's advisable to check with your bank to understand their specific fees.
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• Lau SchaeferApr 25, 2025 · 3 months ago
  When it comes to transferring funds from Binance to a bank account, there are a few fees involved. Binance charges a withdrawal fee for transferring funds to a bank, which can vary depending on the cryptocurrency and the amount being transferred. If you are converting your cryptocurrency to fiat currency during the transfer, there may be currency conversion fees as well. These fees are typically a percentage of the total amount being converted. It's worth noting that your bank may also charge fees for receiving the funds. The fees imposed by your bank can vary depending on the bank and the type of transfer you are making. It's recommended to contact your bank for more information on their fees.
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• santotelliJul 20, 2020 · 5 years ago
  When you transfer funds from Binance to a bank account, there are a few fees to consider. Binance charges a withdrawal fee for transferring funds to a bank, and the amount of the fee depends on the specific cryptocurrency and the amount being transferred. If you are converting your cryptocurrency to fiat currency during the transfer, there may be currency conversion fees involved as well. These fees are typically a percentage of the total amount being converted. Additionally, your bank may charge fees for receiving the funds, which can vary depending on the bank and the type of transfer. It's a good idea to check with your bank to understand any potential fees on their end.
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• ctr_nikeNov 10, 2020 · 5 years ago
  When it comes to transferring funds from Binance to a bank account, there are a few fees you should be aware of. Binance charges a withdrawal fee for transferring funds to a bank, and the fee amount depends on the specific cryptocurrency and the amount being transferred. If you are converting your cryptocurrency to fiat currency during the transfer, there may be currency conversion fees involved as well. These fees are typically a percentage of the total amount being converted. Additionally, your bank may charge fees for receiving the funds, which can vary depending on the bank and the type of transfer. It's recommended to check with your bank for more information on their fees.
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• Qvist CowanApr 23, 2025 · 3 months ago
  When transferring funds from Binance to a bank account, there are several fees to take into account. Binance charges a withdrawal fee for transferring funds to a bank, and the fee amount depends on the specific cryptocurrency and the amount being transferred. If you are converting your cryptocurrency to fiat currency during the transfer, there may be currency conversion fees involved as well. These fees are usually a percentage of the total amount being converted. Additionally, your bank may charge fees for receiving the funds, which can vary depending on the bank and the type of transfer. It's advisable to contact your bank to understand their specific fees.
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